Heroux-Devtek and CGI sign 10-year contract renewal agreement
April 24 2008 - 9:30AM
PR Newswire (US)
Ticker symbols GIB.A (Toronto Stock Exchange) GIB (New York Stock
Exchange) MONTREAL, April 24 /PRNewswire-FirstCall/ -- CGI Group
Inc. (TSX: GIB.A; NYSE: GIB), a leader in information technology
and business process services and Heroux-Devtek, a leading Canadian
manufacturer of aerospace and industrial products, announced today
that they have signed an agreement worth approximately $12 million
that will see their partnership extended for an additional 10 year
period. Under the terms of the contract, CGI will continue to
provide Heroux-Devtek with infrastructure management, application
maintenance and desktop services. "We have established a long-term
partnership of trust with CGI, and we particularly appreciate its
in-depth knowledge of both our industry and information technology.
CGI has the know-how to provide us with the technological support
we need to achieve our mission," stated Gilles Labbe, President and
Chief Executive Officer of Heroux-Devtek. Michael Roach, President
and Chief Executive Officer, CGI, added, "We are delighted to
continue our long-term partnership with Heroux-Devtek. The awarding
of this contract demonstrates the confidence that Heroux-Devtek has
in us as well as the excellent communication that exists between
our two organizations, which ultimately allows us to adapt our
services to their needs." CGI combines robust technology management
capabilities with quality processes and flexible global delivery
options to create and manage technology infrastructures that
address its clients' top concerns. Organizations using CGI's
services are able to more easily comply with constantly evolving
regulatory frameworks while controlling their costs and making
judicious investments for the future. About CGI Founded in 1976,
CGI Group Inc. is one of the largest independent information
technology and business process services firms in the world. CGI
and its affiliated companies employ approximately 26,500
professionals. CGI provides end-to-end IT and business process
services to clients worldwide from offices in Canada, the United
States, Europe, Asia Pacific as well as from centers of excellence
in North America, Europe and India. CGI's annual revenue run rate
stands at $3.7 billion and at December 31st, 2007, CGI's order
backlog was $12.04 billion. CGI shares are listed on the TSX
(GIB.A) and the NYSE (GIB) and are included in the S&P/TSX
Composite Index as well as the S&P/TSX Capped Information
Technology and MidCap Indices. Website: http://www.cgi.com/.
Forward-Looking Statements All statements in this press release
that do not directly and exclusively relate to historical facts
constitute "forward-looking statements" within the meaning of that
term in Section 27A of the United States Securities Act of 1933, as
amended, and Section 21E of the United States Securities Exchange
Act of 1934, as amended, and are "forward-looking information"
within the meaning of sections 138.3 and following of the Ontario
Securities Act. These statements and this information represent
CGI's intentions, plans, expectations and beliefs, and are subject
to risks, uncertainties and other factors, of which many are beyond
the control of the Company. These factors could cause actual
results to differ materially from such forward-looking statements
or forward-looking information. These factors include and are not
restricted to the timing and size of new contracts, acquisitions
and other corporate developments; the ability to attract and retain
qualified members; market competition in the rapidly-evolving IT
industry; general economic and business conditions, foreign
exchange and other risks identified in the MD&A, in CGI's
Annual Report or Form 40-F filed with the U.S. Securities and
Exchange Commission (filed on EDGAR at http://www.sec.gov/), the
Company's Annual Information Form filed with the Canadian
securities authorities (filed on SEDAR at http://www.sedar.com/),
as well as assumptions regarding the foregoing. The words
"believe," "estimate," "expect," "intend," "anticipate," "foresee,"
"plan," and similar expressions and variations thereof, identify
certain of such forward-looking statements or forward-looking
information, which speak only as of the date on which they are
made. In particular, statements relating to future performance are
forward-looking statements and forward-looking information. CGI
disclaims any intention or obligation to publicly update or revise
any forward-looking statements or forward-looking information,
whether as a result of new information, future events or otherwise,
except as required by applicable law. Readers are cautioned not to
place undue reliance on these forward-looking statements or on this
forward-looking information. DATASOURCE: CGI GROUP INC. CONTACT:
Lorne Gorber, Vice-President, Global Communications and Investor
Relations, (514) 841-3355,
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